Bill Bonner, Editor in Chief at The Daily Reckoning, the flagship of Agora Financial wrote Friday an article entitled A Successful Collapse. He started his discussion with this line:
“The fixes are more costly than the problems.”
Yes, I see his logic!
Later in his article he said this:
“Bob Janjuah, chief strategist at RBS, sees where this leads:
We are trapped in some horrendous Keynesian/monetarist nightmare, where policymakers, aided/abetted/advised by their buddies in the media, in the lobbyist cabal and in financial system, have YET AGAIN decided to go down the route which merely delays the problem/pushes it down the road, but which virtually guarantees that when the NEXT bubble collapses…there is NO pleasant way back."
Wow – just wow! I don’t know about you, but if there is no pleasant way back, then I want financial bedrock. I want to own physical gold! Give me a gold coin or numismatic silver instead of that complicated derived asset on the shelf! Call your coins dealer today!